Gold futures on the Multi Commodity Exchange opened higher at Rs 30,599 per 10 grams on Monday against the previous close of Rs 30,581.

February contract made a high of Rs 30,653 and low of Rs 30,570. It was trading higher by 0.15 per cent at Rs 30,626 at 1.20 p.m. In Comex, the February contract was up $2 at $1,689 a troy ounce.

Volumes on MCX are expected to remain thin as the US markets are closed today for the Martin Luther King Jr. holiday.

The appreciation of rupee against dollar may restrict the gains in gold prices in India.

(This article was published on January 21, 2013)
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